New Issue: HSBC sells $1 million barrier AMPS on indexes

By Sarah Lizee

Olympia, Wash., April 17 – HSBC USA Inc. priced $1 million of 0% barrier Accelerated Market Participation Securities due April 15, 2025 linked to the least performing of the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 4 times any least performing index gain, up to a maximum return of 102%.

Investors will receive par if the least performing index falls by up to 20% and will lose 1% for every 1% decline of the least performing index if it falls beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier Accelerated Market Participation Securities
Underlying indexes:	Russell 2000 index, Dow Jones industrial average and Nasdaq-100 index
Amount:	$1 million
Maturity:	April 15, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 400% of any gain in least performing index, up to 102% cap; par if least-performing index declines by 20% or less; otherwise, 1% loss per 1% drop of least performing index
Initial levels:	1,246.726 for Russell, 23,719.37 for Dow and 8,238.529 for Nasdaq
Barrier levels:	997.3808 for Russell, 18,975.4960 for Dow and 6,590.8232 for Nasdaq; 80% of initial levels
Pricing date:	April 9
Settlement date:	April 15
Agent:	HSBC Securities (USA) Inc.
Fees:	0.625%
Cusip:	40438CDT5

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